Cuomo Says NY Should Reject Con Ed Rate Hike Requests

Law360, New York (October 8, 2013, 3:31 PM EDT) -- Gov. Andrew Cuomo said Tuesday that New York State utilities regulators should reject Consolidated Edison Co. of New York Inc.'s request for 2014 rate hikes, including a $420 million rise for electric, arguing instead that the utility should find ways to deliver "more value" to Empire State customers.

Con Edison, New York's largest utility that brings electricity, steam and gas to millions of people in New York City and Westchester County, said the increases would help fund crucial "storm hardening" projects in the wake of last...
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